WCBD News 2 Charleston
CHARLESTON S.C. (WCBD) – Some small businesses said they are seeing the light at the end of the tunnel. On Tuesday, the city announced the five recipients of the revolving fund through Charleston LDC. A meeting was held to praise the businesses for holding on rather than just for making announcements.
Mayor Tecklenburg thanked the small businesses for persevering as he stated they are the fabric of the city. Soon after, he sang a tune we’ve heard before, but with a different ending.
“If we can keep our numbers down and remain healthy, our recovery will be more robust. But it needs help.” - JOHN TECKLENBURG, CITY OF CHARLESTON MAYOR
That help is coming in the form of funds authorized by the CARES Act and the Charleston LDC. The City of Charleston said in a statement that they were awarded an $850,000 grant from the U.S. Department of Commerce’s Economic Development Administration, authorized by the CARES Act. That money was to be used as capital for a revolving loan fund to aid such businesses.